• Fed Announces Unprecedented Second Emergency Rate Cut, Stocks Plunge in Response

    Fed Announces Unprecedented Second Emergency Rate Cut, Stocks Plunge in Response

    Federal Reserve Chairman Jerome Powell on Capitol Hill in Washington, D.C., July 10, 2019  The Federal Reserve announced Sunday it was cutting interest rates by a full percentage point to near zero, and relaunched its bond-buyback program in an effort to battle market uncertainty in the wake of the global coronavirus pandemic. The moves mark …